The case involves an application filed by the Liquidator of M/s. Solar Offset Printers Private Limited seeking an extension of the liquidation period by 6 months (180 days) from 30.08.2024 to 25.02.2025. The Liquidator's counsel submitted that a successful bidder at an e-auction dated 26.02.2024 filed a Writ Petition before the Hon'ble High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is a respondent in the Writ Petition. The counsel argued that the extension is necessary because the Writ Petition is pending before the High Court, and the liquidation process needs to be completed.
M/s. Solar Offset Printers Private Limited is undergoing liquidation. The Liquidator filed an application seeking a 6-month extension of the liquidation period, from 30.08.2024 to 25.02.2025. A successful bidder from an e-auction dated 26.02.2024 filed a Writ Petition (No. 21631/2024) before the Hon'ble High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is the 2nd respondent in the Writ Petition. The 19th SCC meeting held on 30.07.2024 unanimously approved the resolution to extend the Liquidation Period. The liquidation order was issued on 31.05.2023. More than one year has been completed since the liquidation order was issued.
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The liquidation order…
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The case involves an application filed by the Liquidator of M/s. Solar Offset Printers Private Limited seeking an extension of the liquidation period by 6 months (180 days) from 30.08.2024 to 25.02.2025. The Liquidator's counsel submitted that a successful bidder at an e-auction dated 26.02.2024 filed a Writ Petition before the Hon'ble High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is a respondent in the Writ Petition. The counsel argued that the extension is necessary because the Writ Petition is pending before the High Court, and the liquidation process needs to be completed.
M/s. Solar Offset Printers Private Limited is undergoing liquidation. The Liquidator filed an application seeking a 6-month extension of the liquidation period, from 30.08.2024 to 25.02.2025. A successful bidder from an e-auction dated 26.02.2024 filed a Writ Petition (No. 21631/2024) before the Hon'ble High Court of Kerala, challenging the withdrawal of the letter of intent and cancellation of the sale. The Liquidator is the 2nd respondent in the Writ Petition. The 19th SCC meeting held on 30.07.2024 unanimously approved the resolution to extend the Liquidation Period. The liquidation order was issued on 31.05.2023. More than one year has been completed since the liquidation order was issued.
The liquidation order…
An e-auction was held,…
Sign in to view related legal provisions.